World China's growth comes clearly to the stick

13:35  18 october  2021
13:35  18 october  2021 Source:   dw.com

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China was able to overcome the Corona pandemic relatively quickly, but the prospects are increasingly being thrilled. The golden growth times are past for the Red Dragon for the time being.

Provided by Deutsche Welle © Andy Wong / AP Photo / Picture Alliance Provided by Deutsche Wave

Rising raw material prices, supply bottlenecks and power failures brakes off in the third quarter of China's economy. Gross domestic product (GDP), according to the State Statistics Office, rose by 4.9 percent from Monday from Monday July to September compared to the previous quarter and thus slowly as a year no more

was also the industrial production of the People's Republic remained behind the expectations of analysts: She rose by 3.1 percent in September compared to the same month last year. Experts had predicted an increase of 4.5 percent.

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China recovered at the beginning of the year with a record growth of the pandemic, but in addition to electricity and supply bottlenecks as well as flambing virus outbreaks, the hard transpiration of the regulatory authorities in technology and real estate companies the economic recovery.

Der Hafen in Qingdao: Wenn es in China nicht mehr rund läuft, ist das im internationalen Handel sofort zu spüren © Picture-Alliance / DPA / SiPA Asia / Yu Fangping The port in Qingdao: If it is no longer running in China, this is immediately felt in international trade

lawsuits from Europe

also in China European companies are increasingly suffering under the rationings and therefore arranged decommissioning of operations. The problems should exacerbate with the upcoming winter heating season and "last" at least by March ", the chairman of the EU Chamber of Commerce warned in China, Jörg Wuttke. "We are stuck in a marathon, not in a sprint."

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EU company complained of "chaotic states" . Often you will only be informed in the short term as in the evening before or even one hour before the start of the shift that the electricity is turned off.

poor mood is wide

concerned analysts also prepared the crisis by the highly neglected Chinese real estate company Evergrande , which lasts in the Chinese financial and real estate market. In addition, the government made stricter rules and prohibitions this year with internet corporations and in many other industries, which also caused a worse mood in the economy.

Evergrande beschäftigt ganz Asien: Im September gab deshalb der japanische Nikkei schon einmal deutlich nach © Kyodo News / Imago Images Evergrande Busy All of Asia: In September, the Japanese Nikkei has shown clearly according to

sensitive stock exchanges

"in response to the poor growth figures we expect for the coming months, the political decision-makers in our opinion to take on further measures to support the growth. This includes ensuring a sufficient liquidity on the interbank market, the acceleration of the expansion of infrastructure and easing some aspects of general credit and real estate policy, "said Louis Kuijs, head of the Asian industry area at Oxford Economics .

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Although Kuijs spread some confidence: "We believe that the power shortage and production cuts will be less problematic in the fourth quarter". Nevertheless, the stock exchanges have turned to the minus due to the disappointing data from China.

Japan 225 Values ​​Comprehensive Nikkei index was 0.3 percent deeper in the trade history. The broader Topix index fell by 0.4 percent. The stock market in Shanghai was 0.2 percent in the minus. The index of the most important companies in Shanghai and Shenzen lost 1.2 percent.

also in Germany left the slowed growth in China its traces: About half an hour after the start of trading, the German Leading Index Dax fell by 0.43 percent to 15,521 points. The MDAX of the medium-sized companies lost 0.4 percent to 34,275 points. The Analyst Michael Hewson of CMC Markets UK sees the disappointing growth data from Beijing as a stress factor for European markets.


FCC revokes China Telecom America’s authority to operate in US .
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